X0202 4 2007-06-20 0001065865 JANUS CAPITAL GROUP INC JNS 0001217986 ROWLAND LANDON H 920 MAIN STREET, SUITE 204 KANSAS CITY, MO 64105 1 0 0 0 Common Stock 2007-06-20 4 S 0 900 28.74 D 936971 D Common Stock 2007-06-20 4 S 0 100 28.72 D 936871 D Common Stock 2007-06-20 4 S 0 100 28.71 D 936771 D Common Stock 2007-06-20 4 S 0 100 28.69 D 936671 D Common Stock 2007-06-20 4 S 0 100 28.68 D 936571 D Common Stock 2007-06-20 4 S 0 600 28.73 D 935971 D Common Stock 2007-06-20 4 S 0 400 28.76 D 935571 D Common Stock 2007-06-20 4 S 0 700 28.75 D 934871 D Common Stock 2007-06-20 4 S 0 700 28.80 D 934171 D Common Stock 2007-06-20 4 S 0 300 28.78 D 933871 D Common Stock 2007-06-20 4 S 0 1900 28.77 D 931971 D Common Stock 2007-06-20 4 S 0 200 28.79 D 931771 D Common Stock 2007-06-20 4 S 0 500 28.84 D 931271 D Common Stock 2007-06-20 4 S 0 500 28.89 D 930771 D Common Stock 2007-06-20 4 S 0 1200 28.93 D 929571 D Common Stock 10528 D Common Stock 420000 I By Preservation Farms I, LLLP Common Stock 111700 I By Landon Rowland Revocable Trust Common Stock 6959 I By Sarah Rowland Revocable Trust Common Stock 2015 I By Spouse Option (Right to Buy) and LSAR 13.76 2000-07-13 2008-12-07 Common Stock 12276 12276 D Option (Right to Buy) and LSAR 39.77 2000-07-13 2010-02-28 Common Stock 4648 4648 D Option (Right to Buy) and LSAR 34.28 2003-01-01 2010-05-04 Common Stock 443957 443957 D Option (Right to Buy) and LSAR 34.28 2001-05-05 2010-05-04 Common Stock 33245 33245 D Option (Right to Buy) and LSAR 42.34 2001-01-29 2011-01-28 Common Stock 4335 4335 D Option (Right to Buy) and LSAR 25.71 2002-01-28 2012-01-27 Common Stock 6866 6866 D Option (Right to Buy) and LSAR 2003-01-01 2012-07-17 Common Stock 212000 212000 D Option (Right to Buy) and LSAR 13.15 2002-12-11 2012-12-10 Common Stock 13106 13106 D The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading policy adopted by the reporting person in February 2007. Restricted stock units are payable in common stock upon the reporting person's termination of service as a director. Each restricted stock unit represents one share of common stock upon distribution. Subject to compliance with Section 409A of the Internal Revenue Code, Limited Stock Appreciation Rights ("LSAR") are granted in tandem with stock options. LSARs are automatically exercisable (in lieu of related options) upon a change-of-control of the issuer which has not been approved by certain members of the issuer's board of directors and result in the receipt of only cash by the option holder. LSARs terminate when the related options are exercised or terminated. Substitute options awarded in connection with the spin-off of Janus Capital Group Inc. (formerly Stilwell Financial Inc.) from Kansas City Southern Industries, Inc. Exercise price is $19.36 for 56,000 options, $21.59 for 56,000 options, $17.12 for 56,000 options and $14.89 for 44,000 options. Kathlene D. Duncan, Attorney-in-Fact for Landon H. Rowland 2007-06-21